@Andrew Davis,From what you have described, it looks like a great deal if your numbers are accurate.  

Everything you see on TV is 100% accurate with no added fluff for entertainment factor.

I have seen some grand slams hit by flippers in high end homes, or more accurately above average homes in high end markets, but it is not for the timid.

@Chris StromdahlAssuming the rest of my first post is accurate, I would say that your $25 per month for pets compensates you for normal pet damage.

I work for New Western, we're a large wholesale firm in Houston and that is an incredibly accurate description of the day to day things I hear.I especially like #7 where you mentioned that you should insist on meeting your potential wholesaler at their office- We require investors come to our office first at our firm.

You can also probably find the Fortune Builders rehab cost checklist as well as a myriad of other online sources.Also, if you find a really great deal and are able to accurately estimate rehab costs on it you will also give yourself the opportunity to partner with someone to flip it or flip it yourself.  

Guess if you have nothing to lose, there ain't no sense not to take a gamble.

The only way to get really accurate numbers though is to get quotes from at least three painters.  

What has worked for you on your deals that ended up with a accurate estimate that your buyer would say you have estimated correctly? 

If you have to go so fast you do not have time to do proper due diligence, you need to pass on this.You are gambling a lot with your money.